UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 121,461 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 13.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,057,754 shares of the industrial products company's stock after acquiring an additional 121,461 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.69% of Stanley Black & Decker worth $84,927,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in SWK. Vanguard Group Inc. grew its position in Stanley Black & Decker by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 19,186,011 shares of the industrial products company's stock valued at $1,540,445,000 after purchasing an additional 495,103 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Stanley Black & Decker by 1.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,413,913 shares of the industrial products company's stock worth $1,478,454,000 after purchasing an additional 246,800 shares during the last quarter. Capital Research Global Investors grew its stake in Stanley Black & Decker by 126.5% in the 4th quarter. Capital Research Global Investors now owns 5,485,421 shares of the industrial products company's stock valued at $440,424,000 after purchasing an additional 3,063,114 shares during the period. Invesco Ltd. increased its position in shares of Stanley Black & Decker by 22.6% during the 4th quarter. Invesco Ltd. now owns 4,139,196 shares of the industrial products company's stock valued at $332,336,000 after purchasing an additional 763,219 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Stanley Black & Decker by 0.5% in the 4th quarter. Wells Fargo & Company MN now owns 3,895,026 shares of the industrial products company's stock worth $312,732,000 after buying an additional 18,778 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on SWK. UBS Group decreased their price objective on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Wells Fargo & Company dropped their price objective on shares of Stanley Black & Decker from $70.00 to $60.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Barclays upgraded shares of Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $69.00 to $90.00 in a research note on Tuesday, May 13th. Citigroup dropped their price target on shares of Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Finally, Robert W. Baird lifted their price objective on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $91.10.

Stanley Black & Decker Price Performance

NYSE:SWK traded down $1.02 during trading hours on Wednesday, hitting $66.21. 1,544,296 shares of the company's stock traded hands, compared to its average volume of 1,896,076. The firm has a market cap of $10.24 billion, a P/E ratio of 34.13, a P/E/G ratio of 1.33 and a beta of 1.19. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. The business's fifty day simple moving average is $65.50 and its two-hundred day simple moving average is $78.19. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.07. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. The firm had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter last year, the company posted $0.56 EPS. The company's revenue for the quarter was down 3.2% on a year-over-year basis. On average, research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.95%. Stanley Black & Decker's dividend payout ratio is 136.10%.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.